If you build it

In just over a year we’ve watched this building go from a hole in the ground to where it is now.

Auckland is booming, more or less. In this neighborhood we live in there are half a dozen projects of this scale or larger. The whole suburb is transforming from 1-3 story retail and light industrial buildings to 5-8 story mixed use. Three side-by-side bungalows on the main street just sold for over $13 million. And so on.

I think this boom will generally continue until somebody starts a very large war or the Chinese stop buying milk (https://www.stats.govt.nz/news/new-zealands-two-way-trade-with-china-more-than-triples-over-the-decade).